Belarus seeks to promote payments with cryptocurrencies under new regulations

In a key political turn, President Alexander Lukashenko supports reforms to integrate cryptocurrencies into the national economy, even in international payments under sanctions.

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• He NATIONAL BANK OF BEARUSIA He presented legislative changes to expand the use of cryptocurrencies.
  
• Lukashenko demands concrete steps to enable payments with digital assets.
  
• The measures follow Russia’s example to overcome international restrictions.

The president of Belarus, Alexander Lukashenko, and the new governor of the National BankRoman Golovchenko, have pledged to update the legal framework of cryptocurrencies to allow their broader use, especially in cross -border payments. The measure seeks to boost a “Decisive advance” in the integration of digital assets into the national economy.

The state agency Belta, reviewed by Cryptopolitaninformed that Golovchenko presented the legislative amendments during a meeting with the president, highlighting that the internal cryptocurrency market, largely concentrated in the High Technology Park (HTP), Sample growth figures.

A sector with bases since 2017

He HTP operates under a special legal regime established by the Decree No. 8 “On the development of the digital economy”signed by Lukashenko at the end of 2017. This regulation legalized activities such as mining and cryptocurrency trade, attracting technology companies with tax benefits and other advantages.

Since then, the Park has served as a nucleus for digital asset businesses, although the expansion of the sector has led the authorities to consider a regulatory update. Golovchenko, who previously served as Prime Minister, indicated that the evolution of the use of cryptoactive justifies a deep review of the current rules.

Strategy for a “Decisive advance”

During the meeting, the governor of the Central Bank stressed that cryptocurrencies “They have come to stay” and what Belarus must be correctly integrated into this global current. The reforms not only seek to regulate the sector, but also to incorporate digital assets in financial policy to strengthen the economy under the context of international sanctions.

Golovchenko said that the proposals will be discussed thoroughly at a next specialized conference, where measures will be analyzed to expand the use of cryptocurrencies and other digital financial assets in internal and external payments.

Lukashenko presses for rapid results

Lukashenko expressed impatience to the progress of the sector, questioning Golovchenko about the next steps to enable cryptocurrency payments. The president recalled that this issue had already been discussed with the previous president of the Central Bank, Pavel Kallaur, and said that IT specialists have urged to advance with concrete measures.

“How can we use it, especially now, to facilitate payments?”Lukashenko asked, highlighting that the local crypto market remains underdeveloped and needs clear definitions for its growth.

Parallelism with the Russian strategy

The regulatory impulse comes shortly after Russia, political and military ally of Belarús, introduced a “Experimental legal regime” For transactions with cryptocurrencies. This measure seeks to facilitate cross -border payments in the middle of the severe Western sanctions due to the invasion of Ukraine.

Minsk, also sanctioned for his support for Moscow, seems to follow a similar strategy to maintain its international commercial operations. The proposed reforms could open new alternative payments to traditional financial channels blocked by restrictions.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

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